# Roundtable on Current Expected Credit Losses (CECL): Transparency or Opacity? Implementation and Effects on Lending and Pro-Cyclicality

![Joshua Ronen speaks to roundtable attendees](https://www.stern.nyu.edu/sites/default/files/assets/images/CECL%20Roundtable%20Bigger%20Body.jpg)
*Professor Joshua Ronen kicks off the October roundtable*

NYU Stern's [Vincent C. Ross Institute of Accounting Research](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/ross-institute) and the [Salomon Center for the Study of Financial Institutions](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions) hosted a [roundtable discussion](https://www.stern.nyu.edu/sites/default/files/assets/documents/Ross%20Roundtable%20-%20Overview%20and%20CPE%20Information_0.pdf) this fall, convening academics, banking and accounting industry professionals, policy-makers and regulators, to debate key issues related to the Current Expected Credit Losses (CECL) standard, its implementation and its effects on lending and pro-cyclicality.

Roundtable presenters included: - Bobby Bean, associate director, FDIC
- Michael Gullette, senior vice president, ABA
- Robert Hetu, head of US Private Debt, Caisse de dépôt et placement du Québec
- Jason Jacobs, head of the Office of Accounting Policy, AIG
- Maria Mazilu, vice president and senior accounting analyst, Moody’s
- Nathanial Royal, North American executive, Global Credit Data
- [Joshua Ronen](https://www.stern.nyu.edu/faculty/bio/joshua-ronen), professor of accounting, NYU Stern School of Business
- Harold Schroeder, FASB Board member, FASB
- Cindy Vojtech, principal economist, Federal Reserve Board

Research Center Events

— 10/28/2019

## Learn More

- [Vincent C. Ross Institute of Accounting Research](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/ross-institute)

- [Salomon Center for the Study of Financial Institutions](https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/salomon-center-for-the-study-of-financial-institutions)

- **Past Ross Roundtables:**
- [Ross Roundtable 2018](https://www.stern.nyu.edu/experience-stern/news-events/2018-nyu-stern-ross-roundtable)
- [Ross Roundtable 2017](http://www.stern.nyu.edu/experience-stern/news-events/2017-fall-ross-roundtable)
- [Ross Roundtable 2016 (Fall)](http://www.stern.nyu.edu/experience-stern/news-events/ross-roundtable-recent-trends-non-gaap-reporting)
- [Ross Roundtable 2016 (Spring)](http://www.stern.nyu.edu/experience-stern/news-events/ross-roundtable-2016)
- [Ross Roundtable 2015](http://www.stern.nyu.edu/experience-stern/news-events/ross-roundtable-discusses-proposed-global-standard-accounting-leases)
- [Ross Roundtable 2014](http://www.stern.nyu.edu/experience-stern/news-events/ross-roundtable-spring-2014)
- [Ross Roundtable 2013](http://www.stern.nyu.edu/experience-stern/news-events/ross-roundtable-sp2013)
- [Ross Roundtable 2012](http://www.stern.nyu.edu/experience-stern/news-events/ross-roundtable-3-6-2012)